Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday closed up their three-cents-per-pound daily price limit, ignited by active short-covering and bargain hunting after contracts recently tumbled to two-year lows, traders said. Spot-October and December finished at 133.7 and 137 cents/lb., respectively (all figures US$). Live cattle’s trading limit will be expanded […] Read more
U.S. livestock: Bargain hunters send CME live cattle, feeders limit up
U.S. livestock: CME live cattle again sink to two-year bottom
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped to a two-year low for a second consecutive session on Thursday, weighed on by seasonally slack beef demand, traders said. But, they said, late-session bargain hunting and short-covering lifted CME live cattle from morning lows. Spot-October closed 2.525 cents/lb. lower at 130.7 cents, after […] Read more
duBreton to boost output of crate-free pigs
Reuters — Private Canadian pork producer duBreton said Thursday it plans to raise 300,000 additional pigs during the next three years without housing them in crates, as it seeks premium prices from food stores and restaurants for meat raised humanely. Larger Canadian rivals Olymel and Maple Leaf Foods are already converting all of their own […] Read more
U.S. livestock: CME live cattle plunge limit down to two-year low
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday tumbled to a two-year low, and by their three-cent-per-pound daily price limit, amid a seasonal slowdown in beef demand and lower expectations for cash prices this week, traders said. Spot-October and December respectively closed at 133.225 and 135.75 cents/lb., which are also their […] Read more
U.S. livestock: CME live cattle grind to 16-month low
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Tuesday quietly slid to their lowest level since late May 2014, pressured by seasonally sluggish wholesale beef demand, traders said. Global economic worries that sent U.S. stocks tumbling, which triggered selling across various commodities. Monday’s CME live cattle rally was overdone and were “tethered […] Read more
U.S. livestock: Bargain hunting, USDA report boost CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished higher on Monday, fueled by bargain hunting and short-covering following a four-day losing streak, traders said. Spot-October closed one cent per pound higher at 137 cents, and December ended up 1.375 cents, to 139.75. Traders said CME live cattle were further supported by Friday’s […] Read more
U.S. livestock: CME cattle repeat lows before USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday sank to new contract lows, and hit their lowest in 16 months, for a third consecutive session, pressured by lackluster wholesale beef demand, traders said. Investors exercised caution before the U.S. Department of Agriculture’s monthly Cattle on Feed report today at 2 p.m. […] Read more
McDonald’s investor wants it to cut antibiotics in all meats
Los Angeles | Reuters –– A McDonald’s Corp. shareholder group is renewing its call for the fast-food chain to stop buying any meat from animals raised with antibiotics vital to fighting human infections. The move from the Congregation of Benedictine Sisters of Boerne, Texas, comes amid growing concern from public health experts that the overuse […] Read more
NAFTA countries debate COOL harm at WTO
Canada and Mexico have made their case before a World Trade Organization arbitration panel on how much tariff revenge they’re allowed to impose on U.S. goods over country-of-origin labelling (COOL). The WTO “has ruled four times that the U.S.’s COOL rules are discriminatory,” Canadian Pork Council chairman Rick Bergmann said in a council release Wednesday […] Read more
Regulatory wrangling ups the threat of PEDv in Canada
Livestock trailers coming from the U.S. could spread the virus across Western Canada, say pork officials
Reading Time: 3 minutes Washing hog transports in the U.S. before they return to Canada sounds good in theory — but it may actually increase the threat of porcine epidemic diarrhea virus here. “We are extremely concerned about this because essentially we’re going to be sending trailers to be firehose washed at some point in the U.S. where they […] Read more
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